Ratcliffe’s Ineos confirms bid to buy Manchester United

Feb 17, 2023, 3:51 PM | Updated: Feb 18, 2023, 5:52 am
An anti-Glazer family banner is held up by members of the crowd before the English League Cup semif...

An anti-Glazer family banner is held up by members of the crowd before the English League Cup semifinal second leg soccer match between Manchester United and Nottingham Forest at Old Trafford in Manchester, England, Wednesday, Feb. 1, 2023. The Glazer family are the owners of Manchester United. (AP Photo/Dave Thompson)

(AP Photo/Dave Thompson)

MANCHESTER, England (AP) — British billionaire Jim Ratcliffe’s company Ineos confirmed Saturday it has made a bid to buy Manchester United, pledging to make the Premier League team “the number one club in the world once again.”

Ratcliffe’s Ineos company will compete with Qatari banker Sheikh Jassim Bin Hamad Al Thani, who also submitted a bid on Friday to buy out the Glazer family.

The 70-year-old Ratcliffe is one of Britain’s wealthiest people with an estimated net worth of 12.5 billion pounds ($15 billion) following the success of his global chemical company.

“We can confirm that Sir Jim Ratcliffe and Ineos have submitted a bid for majority ownership of Manchester United Football Club,” the company said in a statement. “We are ambitious and highly competitive and would want to invest in Manchester United to make them the number one club in the world once again.”

Ineos also appeared to cast itself as an alternative to foreign ownership, with the Qatari bid coming in the wake of a Saudi takeover of Newcastle last year. Defending league champion Manchester City — United’s crosstown rival — has been Abu Dhabi-owned since 2008. Sheikh Jassim’s bid has emphasized that only private wealth is being used, in contrast to the Qatari state-backed ownership of Paris Saint-Germain.

“We also recognize that football governance in this country is at a crossroads,” Ineos said. “We would want to help lead this next chapter, deepening the culture of English football by making the club a beacon for a modern, progressive, fan-centred approach to ownership. We want a Manchester United anchored in its proud history and roots in the North-West of England, putting the Manchester back into Manchester United and clearly focusing on winning the Champions League.”

Ratcliffe announced his intention to bid last month. That was a shift in strategy from last year when he launched a last-minute bid for Chelsea, but was not considered because he missed the deadline.

Ratcliffe, who already owns French club Nice, last year said he had no interest in another bid for a Premier League club after missing out on Chelsea and receiving little encouragement from the Glazers for United. But he would be a popular choice among fans because of his longstanding support of the club.


More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Associated Press

Ex-Packer Guion gets 1 year for domestic violence assault

GREEN BAY, Wis. (AP) — Former Green Bay Packers defensive tackle Letroy Guion was sentenced to one year in jail after pleading no contest in a domestic violence assault at his home last fall. Brown County Circuit Court Judge Thomas Walsh also ordered Guion on Tuesday to serve three years’ probation and complete a domestic […]
20 days ago
Joe Jarzynka...
Associated Press

Durant eager for Suns debut vs. Hornets after knee injury

CHARLOTTE, N.C. (AP) — Kevin Durant has been through quite a bit during his 15-year NBA career — but joining a new team midway through the season is a new one for the 13-time All-Star. The 34-year-old Durant doesn’t seem all that worried. Durant makes his highly anticipated Phoenix Suns debut on Wednesday night against […]
20 days ago
FILE - Miami Dolphins head coach Brian Flores stands on the sideline during the second half of an N...
Associated Press

Judge: NFL coach can press discrimination claims in court

NEW YORK (AP) — NFL Coach Brian Flores can pursue some of his discrimination claims against the league and its teams in court rather than through arbitration, a judge ruled Wednesday. The written decision by Judge Valerie Caproni in Manhattan was issued months after lawyers for the league tried to get the lawsuit moved to […]
20 days ago
Chicago Blackhawks goaltender Alex Stalock cools off in the first period during an NHL hockey game ...
Associated Press

Kane trade reinforces hard reality of Blackhawks rebuild

CHICAGO (AP) — After days of speculation, the harsh reality of the Chicago Blackhawks’ situation was reinforced by one move in a flurry of transactions ahead of the NHL trade deadline. Showtime is over, at least in Chicago, and a seemingly bright future is, well, way off in the distance. The reverberations of Chicago’s decision […]
20 days ago
FILE -  Yves Jean-Bart, president of the Haitian Football Federation, wearing a protective face mas...
Associated Press

Disgraced ex-Haitian soccer president announces he’s back

PORT-AU-PRINCE, Haiti (AP) — Haiti’s former soccer federation president whose lifetime ban from sport over sexual abuse allegations was overturned last month announced Wednesday that he is reclaiming his position. Yves Jean-Bart’s defiant announcement could lead to a standoff with FIFA, which already has appointed an emergency management committee to lead the Haitian Football Association […]
20 days ago
FILE - Green Bay Packers' Aaron Rodgers walks off the field after an NFL football game against the ...
Associated Press

Rodgers says decision on future will come ‘soon enough’

GREEN BAY, Wis. (AP) — Aaron Rodgers says he will make a decision on his future “soon enough” as the four-time MVP quarterback ponders whether to play next season and if his future remains with the Green Bay Packers. Rodgers, 39, discussed his future while speaking on an episode of the “Aubrey Marcus Podcast” that […]
20 days ago
Ratcliffe’s Ineos confirms bid to buy Manchester United